CHILE – German Henkel has signed an agreement to acquire Aislantes Nacionales S.A., a major player in the Chilean tile adhesive and building materials market.

Both parties agreed to not disclose any financial details of the transaction. The acquisition is subject to customary closing conditions, including regulatory approvals.

Aislantes Nacionales S.A. is a privately owned company specialized in manufacturing and marketing a wide variety of products in the building materials market. The portfolio includes ceramic tile installation systems, mortars for finishing floors and walls, elastic sealants and insulation systems.

In the fiscal year 2017, Aislantes Nacionales S.A. generated sales of about 80 million euros. The company is based in Santiago de Chile and employs around 220 people at a local production site.

The transaction is in line with Henkel’s strategy to strengthen its portfolio through targeted investments. “With acquiring Aislantes Nacionales S.A. we will enter the attractive Chilean building materials market in a strong position.The strong brands and technologies, as well as the well-positioned portfolio will further strengthen our position in Latin America”, said Jan-Dirk Auris, Executive Vice President and responsible for Henkel’s Adhesive Technologies business.